Sometimes, things are not entirely what they seem at first glance. This evenings photograph of the moon was a case in point, a silly little half moon was vanishing behind a hill, leaving a nice reflection on the sea below but otherwise wasn’t particularly interesting. But on the spur of the moment, I pressed the zoom function, stopping when the moon just fitted into the viewfinder and pressed the button. It was only when viewing the image on a proper computer screen did it become (by my dismal standards) a quite nice shot, the original has become a desktop background already. The moral of the tale, sometimes things can be better than they seem and hopefully, our scribbles about Lloyds also prove this shall be the case.
We’ve currently applied two main trends to Lloyds and of course, it’s becoming difficult to ascertain which one shall prove “real”. The confusion of Lloyds share price movements in relation to both the Blue and Red lines tends confirm the market is also paying attention to history. If we deal with Red first, the share broke Red at the start of October, recovered a bit then broke downward a week later. But this second break down included a Gap Down, then a Gap Up. This is something we’d generally take as priming for a bounce and in the case of Lloyds, the share price indeed bounced and conformed rather exactly with our “GaGa” calculations. Or in plain English, it went up by the correct amount when we judge the tiny little manipulation gaps (circled), the 4p bounce insignificant but proving the market was playing by the rules. We already felt this would be the case, the reversal to 100p on October 8th neatly in line with our previous prediction in September. It certainly appears RED may be the important trend for us to watch.
However, there’s also the inconvenient Blue downtrend, an 18 year old piece of stupidity which should be ignored. But again, unfortunately the market also seems to be paying attention to this trend, the share price closing at 105.85p last week and returning itself above the silly long term downtrend. We do concede it’s not often when the market is gifted two trend lines crossing, along with a perfect situation in which to muddy the waters. Our inclination is two take Blue slightly more seriously than Red.
In the event our Blue scenario intends pan out, above 107p should now trigger a rise to an initial 112p with our longer term secondary, if bettered, calculating at 119p. These ambitions should prove pretty important, actually justifying the word “breakout” in the even Lloyds manages to close above the previous closing price high of 117p. The Big Picture allocates a future attraction coming from 152p in such a game plan.
Of course, Red may hold all the losing numbers, especially as our 100p drop target was exceeded by 0.3p for a couple of seconds. This bothers us slightly as now, below 100p threatens to promote reversal down to an initial 95.5 with our secondary, if broken, a potential trampoline level at 91.3p
Interesting times.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop |
| 12:41:57AM | BRENT | 10778.4 | 10308 | 10119 | 9888 | 10445 | 10813 | 11209 | 11820 | 10369 |
| 11:35:27PM | GOLD | 4164.5 | ||||||||
| 11:37:42PM | FTSE | 10862.6 | ||||||||
| 11:40:07PM | STOX50 | 6179.6 | ||||||||
| 11:05:19PM | GERMANY | 25567.7 | 25402 | 25305 | 25176 | 25548 | 25692 | 25788 | 26122 | 25472 |
| 11:07:56PM | US500 | 7699.3 | ||||||||
| 11:43:34PM | DOW | 52110 | ||||||||
| 11:45:44PM | NASDAQ | 29458.4 | ||||||||
| 11:48:59PM | JAPAN | 64229 |
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:BLOE Block Energy PLC** **LSE:BME B & M** **LSE:BT.A British Telecom** **LSE:GKP Gulf Keystone** **LSE:GRG Greggs** **LSE:NG. National Glib** **
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Updated charts published on : Block Energy PLC, B & M, British Telecom, Gulf Keystone, Greggs, National Glib,
LSE:BLOE Block Energy PLC. Close Mid-Price: 0.75 Percentage Change: + 0.00% Day High: 0.798 Day Low: 0.75
Continued weakness against BLOE taking the price below 0.75 calculates as ……..
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View Previous Block Energy PLC & Big Picture ***
LSE:BME B & M. Close Mid-Price: 286.2 Percentage Change: + 0.00% Day High: 287 Day Low: 278
Simply managing to get the share price above 287 is the next hurdle for B ……..
</p
View Previous B & M & Big Picture ***
LSE:BT.A British Telecom. Close Mid-Price: 209.7 Percentage Change: + 0.00% Day High: 209.9 Day Low: 205.3
The next task for British Telecom is to get the price above 209.9 (not wi ……..
</p
View Previous British Telecom & Big Picture ***
LSE:GKP Gulf Keystone. Close Mid-Price: 217.5 Percentage Change: + 0.00% Day High: 222 Day Low: 210
Target met. Continued trades against GKP with a mid-price ABOVE 222 shoul ……..
</p
View Previous Gulf Keystone & Big Picture ***
LSE:GRG Greggs. Close Mid-Price: 2290 Percentage Change: + 0.00% Day High: 2290 Day Low: 2232
If the price of Greggs manages to move ABOVE 2290, initial UP target beco ……..
</p
View Previous Greggs & Big Picture ***
LSE:NG. National Glib. Close Mid-Price: 1217.5 Percentage Change: + 0.00% Day High: 1217.5 Day Low: 1185
Further movement against National Glib ABOVE 1217.5 should improve accele ……..
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View Previous National Glib & Big Picture ***
*** End of “Updated Today” comments on shares. Listed below are those where commentary remains valid.
Click Epic to jump to share:LSE:AAL Anglo American** **LSE:AML Aston Martin** **LSE:ASC Asos** **LSE:AV. Aviva** **LSE:AVCT Avacta** **LSE:AZN Astrazeneca** **LSE:BARC Barclays** **LSE:BBY BALFOUR BEATTY** **LSE:BP. BP PLC** **LSE:CAR Carclo** **LSE:CNA Centrica** **LSE:CPI Capita** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:EMG MAN** **LSE:EXPN Experian** **LSE:EZJ EasyJet** **LSE:FGP Firstgroup** **LSE:FOXT Foxtons** **LSE:FRES Fresnillo** **LSE:GENL Genel** **LSE:GLEN Glencore Xstra** **LSE:HIK Hikma** **LSE:HSBA HSBC** **LSE:IAG British Airways** **LSE:IGG IG Group** **LSE:IQE IQE** **LSE:ITM ITM Power** **LSE:ITRK Intertek** **LSE:ITV ITV** **LSE:LLOY Lloyds Grp.** **LSE:MKS Marks and Spencer** **LSE:MRO Melrose** **LSE:NWG Natwest** **LSE:OCDO Ocado Plc** **LSE:ONT Oxford Nanopore Tech** **LSE:OXIG Oxford Instruments** **LSE:PHP Primary Health** **LSE:PMG Parkmead** **LSE:QED Quadrise** **LSE:RKH Rockhopper** **LSE:RR. Rolls Royce** **LSE:SAGA SAGA Plc** **LSE:SBRY Sainsbury** **LSE:SCLP Scancell** **LSE:SDY Speedyhire** **LSE:SFOR S4 Capital** **LSE:SMT Scottish Mortgage Investment Trust** **LSE:SPX Spirax** **LSE:SRP Serco** **LSE:STAN Standard Chartered** **LSE:STAR Star Energy** **LSE:TERN Tern Plc** **LSE:TLW Tullow** **LSE:TRN The Trainline** **LSE:TSCO Tesco** **LSE:TW. Taylor Wimpey** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **
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Many thanks for taking the time to read this and good luck for today. Please feel free to mention us after something goes right!